IGM Financial Inc expected to post earnings of 88 cents a share - Earnings Preview

Igm Financial

13/02/2024 21:53

* IGM Financial Inc  IGM.TO   is expected to show a fall in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Winnipeg Manitoba-based  company is expected to report
a
2.8% decrease in revenue to C$824 million from C$848 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data. (Sales/Revenue Majority Basis is on Revenues)
    * ​LSEG's mean analyst estimate for IGM Financial Inc is for
earnings of 88 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for IGM
Financial Inc
is C$42.50​, above​ its last closing price of C$36.35. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.89        0.90       0.88      Missed  -1.7
 Jun. 30 2023  0.85        0.85       0.86      Beat    1
 Mar. 31 2023  0.88        0.87       0.85      Missed  -2.6​
 Dec. 31 2022  0.87        0.86       0.94      Beat    9.5
 ​​Sep.        0.86        0.86       0.91      Beat    5.4
 30 2022                                                
 Jun. 30 2022  0.90        0.92       0.87      Missed  -5.4​
 Mar. 31 2022  0.96        0.98       0.91      Missed  -6.7
 Dec. 31 2021  1.08        1.08       1.08      Met     0.5
 This summary was machine generated February 13 at 21:53 GMT. 
All figures in Canadian dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)